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Daily Dispatches
A metals vault bigger than Fort Knox opens in Idaho
Submitted by admin on Mon, 2024-08-12 16:27 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Monday, April 12, 2024
EAGLE, Idaho -- The Western United States now has its very own Fort Knox, only substantially larger.
After three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho.
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Mark Twain sort of anticipated the trillion-dollar platinum coin
Submitted by admin on Mon, 2024-08-12 14:22 Section: Daily Dispatches2:34p ET Monday, August 12, 2024
Dear Friend of GATA and Gold:
Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to the price of U.S. platinum Eagles?
Gold Fields to buy Canada's Osisko in $1.6 billion deal with 67% share price premium
Submitted by admin on Mon, 2024-08-12 12:16 Section: Daily DispatchesBy Sybilla Gross, Thomas Biesheuvel, and William Clowes
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, August 12, 2024
Gold Fields Ltd. agreed to buy Canada's Osisko Mining Inc. in a deal valued at C$2.16 billion ($1.6 billion) as soaring prices for the precious metal drive producers to seek expansion.
Gold revaluation is far more democratic money creation than platinum coins
Submitted by admin on Sun, 2024-08-11 10:19 Section: Daily Dispatches10:53a ET Sunday, August 11, 2024
Dear Friend of GATA and Gold:
This week the brilliant journalist and financial analyst Mike Maharrey of Money Metals Exchange revisited the recent dream of inflationists: to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations:
Ed Steer: Short position in SLV drops by 35%
Submitted by admin on Sun, 2024-08-11 09:36 Section: Daily Dispatches9:35a ET Sunday, August 11, 2024
Dear Friend of GATA and Gold (and Silver):
The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "Short Position in SLV Drops By 35%" and it's posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/short-position-slv-drops-35-percent
China still buying gold, Maguire says, and silver short squeeze is near
Submitted by admin on Sat, 2024-08-10 18:29 Section: Daily Dispatches6:32p ET Saturday, August 10, 2024
Dear Friend of GATA and Gold:
'Stateless' currency gold gains favor over dollar and yuan
Submitted by admin on Sat, 2024-08-10 18:00 Section: Daily DispatchesCentral Banks Dump Dollars and Yuan in Favor of Gold
By Yohei Hirose
Nikkei, Tokyo
Saturday, August 10, 2024
TOKYO -- Central banks are diversifying away from the dollar and yuan while loading up their foreign exchange reserves with a "stateless currency," gold, in a nod to intensifying geopolitical tensions and global economic uncertainties.
Robert Lambourne: BIS gold swaps rose 32 tonnes in July, seem tied to short-term trading
Submitted by admin on Sat, 2024-08-10 13:59 Section: Daily DispatchesBy Robert Lambourne
August 10, 2024
The July statement of account for the Bank for International Settlements has recently been published.
Ghana moves toward sovereignty as it opens its first gold refinery
Submitted by admin on Fri, 2024-08-09 10:20 Section: Daily DispatchesGhana Opens First Gold Refinery After Centuries of Mining
By Maxwell Akalaare Adombila
Reuters
Thursday, August 8, 2024
ACCRA, Ghana -- Ghana today opened its first commercial gold refinery in Accra, the capital, as part of an effort by Africa's leading gold producer to add value and earn more from the precious metal, which has been mined here for centuries.
Brian Maher: The high cost of cheap money
Submitted by admin on Wed, 2024-08-07 19:42 Section: Daily DispatchesBy Brian Maher
Daily Reckoning, Baltimore
Wednesday, August 7, 2024
The stars were once again in their courses yesterday -- oil was poured upon troubled waters, the dip was bought.
All was peace.
Following Monday's sharp unpleasantness, the stock market went trampolining back.
Yet gravity reasserted itself today.
The Dow Jones Industrial Average fell 234 points earthward.
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